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Property profile & analytics
FOR LEASE
Commercial real estate
1670 Oakbrook Dr Norcross, GA 30093
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1809894
For Lease
1 / 8
$18,670,000
1670 Oakbrook Dr, Norcross, GA 30093
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Property summary
AI-generated overview
This exceptional 4,957-square-foot flex/warehouse space in Gwinnett County offers a prime location with easy access to Interstate I-85. The property features a versatile layout, ideal for a variety of businesses. The space includes 1,430 square feet of climate-controlled office space, providing a comfortable and functional workspace. The warehouse area boasts an impressive 18-foot ceiling height, allowing for ample storage and operational flexibility. Two drive-in doors ensure efficient loading and unloading of goods. Air conditioning is included in the warehouse area, maintaining a comfortable working environment year-round. The property is currently available for multiple tenants, with occupancy commencing October 1, 2024, under a lease term extending through August 31, 2028. This well-maintained property presents a fantastic opportunity for businesses seeking a strategic location and functional space in a thriving Gwinnett County market. The address is 1670 Oakbrook Drive, Suite 331. This industrial property is classified as a flex/warehouse space and is situated in Gwinnett County.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Total area
76,212 SF
Lot
15.02 ac (654,271 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
6-196 -142
UPID
US22-1809894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Peachtree Environmental Environmental Consultant Environmental Program
-
UED Studios Film Production
-
Terminix Garden Center
-
Banilla Games (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.25M
Comparable Approach
Comparable
$13.28M
Blend (final)
Blend
$18.67M
Owner & transaction history
Pr Onward Atlanta Flex Industrial P · 4 yrs held
Pr Onward Atlanta Flex Industrial P
since 2021
Last sale
$18.9M
7 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$24.4M
+39.1%
Retail stores
$20.6M
+17.3%
Neighborhood: shopping center
$20.1M
+14.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,435,000
6.5%
$14,245,000
7%
$13,230,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,560,000
Current use
MEDICAL BUILDING
$24,415,000
Change: +39% · Conversion: Easy
RETAIL STORES
$20,585,000
Change: +17% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$20,080,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$18,600,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$16,880,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$18.67M
Range $16.80M – $20.54M · ±10% · vs last sale $18.95M (Dec 2 2021)
Last sale anchor
$18.95M
Dec 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$245 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$309,422
Tax year 2023
Assessed value
$7,579,640
Assessed 2023
Previous assessed
$7,579,640
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$623,000
Assessed improvement
$6,956,640
Land market value
$1,557,500
Improvement market value
$17,391,600
Total market value
$18,949,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1990
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
76,212 SF
Lot
15.02 ac (654,271 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
6-196 -142
UPID
US22-1809894
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$17.6M
MEDICAL BUILDING
Est. value
$24.4M
RETAIL STORES
Est. value
$20.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.1M
OFFICE BUILDING
Est. value
$18.6M
WAREHOUSE, STORAGE
Est. value
$16.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
15.02 ac
Current owner
From public records · entity-resolved
Pr Onward Atlanta Flex Industrial P
Individual
Mailing address
5050 LINCOLN DR STE #420, EDINA, MN 55436-1168
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$18,949,188
Pr Onward Atlanta Flex Industrial P
Mk Five Oaks LLC
Limited Warranty Deed
—
Nov 12, 2019
—
Mk-five Oaks LLC
—
Loan Modification
related
$35,500,000 · Northern Tr
Nov 20, 2015
$10,990,105
Bre Abp Owner LLC
Business Park Investors Group
Grant Deed
—
Oct 26, 2006
—
Business Park Investors Group Ow
Ap-southeast Realty
Trustees Deed
$48,300,000 · Wachovia Bank NA
Oct 26, 2006
$62,000,000
Business Park Investors Group Ow
Ap-southeast Realty
Grant Deed
—
Oct 24, 2006
$62,000,000
Business,park Investors Grp Ow
Ap,southeast Realty LP
Grant Deed
—
—
—
Business,park Investors Grp Ow
—
Deed Of Trust
related
$15,477,200 · State Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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